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Strong Year For Hilton Food Group

Reflecting higher volumes and the new trading business, Hilton Food Group, the UK-based international meat packing specialist, has reported a 12.8% increase in revenue to £1.234 billion – up by 7.2% on a like-for-like 52 week constant currency basis – for the year ended 1 January 2017. . Underlying volume increases were seen in the UK, Ireland, Holland and Australia with lower volumes in Denmark and Central Europe. Operating profit, at £34.3 million was 18.4% above the previous year’s level and 11.7% higher on a like-for-like 52 week constant currency basis. The operating profit margin in 2016 improved to 2.8% (2015: 2.6%), primarily reflecting higher Australia volumes and the operating profit per kilogram of packed meat sold was 12.5p (2015: 11.3p).

During the year, Hilton Food Group concluded an agreement with Woolworths to build and operate a new production facility in Queensland, Australia due to open in 2020. The meat group also achieved a successful range expansion into fresh pizza production in Sweden and Central Europe, and established a UK meat trading business. Since the end of the year, Hilton Food Group has signed a joint venture agreement with Sonae Modelo Continente, Portugal’s leading food retailer following on from co-operation agreement.

Robert Watson OBE, chief executive of Hilton Food Group, comments: “2016 was a very strong year as Hilton continued to make good progress with volume and profit growth, range extension and the launch of a meat trading business despite competitive market conditions. The conclusion of a joint venture in Portugal and the development of a further factory in Australia demonstrates our geographical and operational growth and we continue to explore further expansion opportunities.”

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Wyke Farms Appoints New ChairmanSpread the loveWyke Farms, one of the UK’s largest independent cheese makers and milk processors, producing over 13,000 tonnes of cheddar per year, has announced that Paul Hardwick (pictured) will...

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